Question: 1 8 . Sally is a self - employed CPA and takes continuing education courses to maintain her license. The course is given in a

18.Sally is a self-employed CPA and takes continuing education courses to maintain her license. The course is given in a local hotel by CPE Inc. It is not part of any college or university. She paid $450 to attend a course on the latest tax laws .The cost of the course is:
Not deductible
Deductible from AGI
Deductible for AGI as a business expense. (to learn new tax laws) Only $225 of the $450 is deductible

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!